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Business Segments And Foreign Operations | 6 Months Ended
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Feb. 28, 2021
Business Segments And Foreign Operations [Abstract] |
Business Segments And Foreign Operations | Note 14. Business Segments and Foreign Operations The Company evaluates the performance of its segments and allocates resources to them based on sales and operating income. The Company is organized on the basis of geographical area into the following three segments: the Americas; EMEA; and Asia-Pacific. Segment data does not include inter-segment revenues. Unallocated corporate expenses are general corporate overhead expenses not directly attributable to the business segments and are reported separate from the Company’s identified segments. The corporate overhead costs include expenses for the Company’s accounting and finance, information technology, human resources, research and development, quality control and executive management functions, as well as all direct costs associated with public company compliance matters including legal, audit and other professional services costs. Summary information about reportable segments is as follows (in thousands):
|  |  |  |  |  |  |  |  |  | Unallocated |  |  |
For the Three Months Ended | Americas |  | EMEA |  | Asia-Pacific |  | Corporate (1) |  | Total
February 28, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 46,157 |  | $ | 49,813 |  | $ | 15,935 |  | $ | - |  | $ | 111,905
Income from operations | $ | 10,356 |  | $ | 14,176 |  | $ | 5,188 |  | $ | (9,065) |  | $ | 20,655
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 795 |  | $ | 807 |  | $ | 75 |  | $ | 80 |  | $ | 1,757
Interest income | $ | - |  | $ | 3 |  | $ | 16 |  | $ | - |  | $ | 19
Interest expense | $ | 491 |  | $ | 118 |  | $ | 1 |  | $ | - |  | $ | 610
February 29, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 46,842 |  | $ | 41,753 |  | $ | 11,454 |  | $ | - |  | $ | 100,049
Income from operations | $ | 11,400 |  | $ | 10,582 |  | $ | 3,106 |  | $ | (6,903) |  | $ | 18,185
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 1,210 |  | $ | 741 |  | $ | 76 |  | $ | 40 |  | $ | 2,067
Interest income | $ | 9 |  | $ | - |  | $ | 19 |  | $ | - |  | $ | 28
Interest expense | $ | 390 |  | $ | 201 |  | $ | 2 |  | $ | - |  | $ | 593
Six Months Ended: |  |  |  |  |  |  |  |  |  |
February 28, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 100,344 |  | $ | 104,563 |  | $ | 31,557 |  | $ | - |  | $ | 236,464
Income from operations | $ | 24,982 |  | $ | 31,919 |  | $ | 10,247 |  | $ | (18,101) |  | $ | 49,047
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 1,586 |  | $ | 1,563 |  | $ | 151 |  | $ | 158 |  | $ | 3,458
Interest income | $ | 1 |  | $ | 5 |  | $ | 32 |  | $ | - |  | $ | 38
Interest expense | $ | 946 |  | $ | 232 |  | $ | 2 |  | $ | - |  | $ | 1,180
February 29, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 93,578 |  | $ | 80,998 |  | $ | 24,029 |  | $ | - |  | $ | 198,605
Income from operations | $ | 21,980 |  | $ | 19,174 |  | $ | 6,308 |  | $ | (14,573) |  | $ | 32,889
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 2,382 |  | $ | 1,375 |  | $ | 150 |  | $ | 117 |  | $ | 4,024
Interest income | $ | 13 |  | $ | 1 |  | $ | 39 |  | $ | - |  | $ | 53
Interest expense | $ | 732 |  | $ | 300 |  | $ | 3 |  | $ | - |  | $ | 1,035
(1)Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the business segments. These expenses are reported separate from the Company’s identified segments and are included in Selling, General and Administrative expenses on the Company’s condensed consolidated statements of operations. The Company’s Chief Operating Decision Maker does not review assets by segment as part of the financial information provided, and therefore, no asset information is provided in the above table. Net sales by product group are as follows (in thousands):
| Three Months Ended February 28/29, |  | Six Months Ended February 28/29,
| 2021 |  | 2020 |  | 2021 |  | 2020
Maintenance products | $ | 102,729 |  | $ | 91,147 |  | $ | 217,072 |  | $ | 180,817
Homecare and cleaning products |  | 9,176 |  |  | 8,902 |  |  | 19,392 |  |  | 17,788
Total | $ | 111,905 |  | $ | 100,049 |  | $ | 236,464 |  | $ | 198,605

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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